Delek US Holdings, Inc. (DK) Given Average Recommendation of “Buy” by Analysts
Shares of Delek US Holdings, Inc. (NYSE:DK) have earned a consensus rating of “Buy” from the eighteen ratings firms that are currently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $30.00.
DK has been the subject of several research analyst reports. BidaskClub downgraded Delek US Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Scotiabank set a $26.00 price objective on Delek US Holdings and gave the company a “hold” rating in a report on Thursday, August 3rd. Cowen Inc reissued a “buy” rating and issued a $30.00 price objective on shares of Delek US Holdings in a report on Thursday, August 17th. Royal Bank Of Canada reissued a “buy” rating and issued a $32.00 price objective on shares of Delek US Holdings in a report on Friday, September 8th. Finally, Zacks Investment Research raised Delek US Holdings from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Monday, October 16th.
Delek US Holdings (NYSE DK) opened at $32.00 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.49 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $2,510.00, a P/E ratio of 236.85, a P/E/G ratio of 4.81 and a beta of 1.92. Delek US Holdings has a fifty-two week low of $19.09 and a fifty-two week high of $32.08.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 22nd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Tuesday, November 21st. Delek US Holdings’s dividend payout ratio is presently 7.19%.
In other Delek US Holdings news, insider Daniel L. Gordon sold 1,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $26.16, for a total value of $26,160.00. Following the completion of the transaction, the insider now owns 18,572 shares in the company, valued at $485,843.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anthony L. Miller sold 1,509 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $26.28, for a total value of $39,656.52. Following the completion of the transaction, the insider now owns 11,370 shares of the company’s stock, valued at approximately $298,803.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,527 shares of company stock valued at $1,034,580. Corporate insiders own 1.61% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in DK. Canada Pension Plan Investment Board increased its position in shares of Delek US Holdings by 51.5% in the second quarter. Canada Pension Plan Investment Board now owns 242,900 shares of the oil and gas company’s stock valued at $6,422,000 after buying an additional 82,600 shares in the last quarter. Strs Ohio purchased a new position in shares of Delek US Holdings in the third quarter valued at $1,200,000. BNP Paribas Arbitrage SA increased its position in shares of Delek US Holdings by 65.5% in the second quarter. BNP Paribas Arbitrage SA now owns 15,068 shares of the oil and gas company’s stock valued at $398,000 after buying an additional 5,966 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Delek US Holdings in the second quarter valued at $2,572,000. Finally, Boston Advisors LLC increased its position in shares of Delek US Holdings by 10.2% in the third quarter. Boston Advisors LLC now owns 151,950 shares of the oil and gas company’s stock valued at $4,062,000 after buying an additional 14,070 shares in the last quarter. Hedge funds and other institutional investors own 77.02% of the company’s stock.
Delek US Holdings Company Profile
Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.
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